Shoppers Stop Limited (SHOPERSTOP) AI Stock Analysis

• Market Cap: ₹53.38B
• Dividend Yield: N/A
• Average Volume (3M): 13.95K
• Price to Earnings (P/E): 290.1
• Beta (1Y): 0.79
• Revenue Growth: 8.80%
• EPS Growth: 9.81%
• Country: IN
• Employees: 6,327
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Department Stores
• EPS (TTM): -1.95
• Shares Outstanding: 110,112,110
• 10 Day Avg. Volume: 2,741
• 30 Day Avg. Volume: 13,952
• PEG Ratio: -6.29
• Price to Book (P/B): 18.31
• Price to Sales (P/S): 1.27
• P/FCF Ratio: 16.07
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: ₹479.00 ▲(17.85% Upside)

The overall stock score is primarily influenced by strong financial performance, particularly in revenue growth and cash flow management. However, the high leverage and low profitability pose significant risks. Technical analysis indicates bearish momentum, and the high P/E ratio suggests overvaluation, further impacting the score.

Positive Factors

Revenue Growth

Consistent revenue growth over multiple years indicates a strong market position and effective business strategies, supporting long-term expansion.

Operational Margins

Improved gross margins reflect better cost management and pricing strategies, enhancing profitability potential and competitive edge.

Cash Flow Management

Strong cash flow management ensures liquidity and financial flexibility, enabling investment in growth opportunities and debt servicing.

Negative Factors

High Leverage

High leverage increases financial risk and can limit the company's ability to invest in growth or weather economic downturns.

Low Net Profitability

Low net profitability indicates challenges in converting revenue into profit, which can affect long-term financial health and shareholder returns.

Return on Equity

Low return on equity suggests inefficiencies in using shareholder capital to generate profits, potentially impacting investor confidence.

Shoppers Stop Limited Business Overview & Revenue Model

Company Description

Shoppers Stop Limited (SHOPERSTOP) is a leading retail chain in India, specializing in a wide range of products, including fashion apparel, accessories, cosmetics, and home products. With a strong presence in the organized retail sector, Shoppers Stop operates a network of department stores across major cities, offering a diverse portfolio of both private label and branded merchandise. The company focuses on enhancing the shopping experience through customer-centric services, loyalty programs, and a strong online presence.

How the Company Makes Money

Shoppers Stop generates revenue primarily through the sale of merchandise in its retail stores and online platform. The company has several key revenue streams, including the sale of fashion and lifestyle products, cosmetics, and home goods. Additionally, Shoppers Stop benefits from its private label brands, which typically offer higher margins compared to third-party brands. The company also engages in promotional activities and partnerships with various brands, which can include co-branded products and exclusive launches, further driving sales. The Shoppers Stop First Citizen loyalty program contributes to customer retention and repeat purchases, enhancing overall revenue. Seasonal sales and clearance events also play a significant role in boosting sales during peak shopping periods.

Shoppers Stop Limited Financial Statement Overview

Summary

Shoppers Stop has shown substantial revenue growth and improved operational margins. However, challenges remain with low net profitability and high leverage. The strong cash flow position reflects effective cash management despite profitability issues.

Income Statement

The company has shown significant revenue growth from 2022 to 2025 with a recent annual revenue of 46,276 million. Gross profit margin improved substantially, moving from 39.6% in 2022 to 41.0% in 2025, indicating better cost management. Net profit margin in 2025 was low at 0.24%, reflecting challenges in achieving profitability despite revenue growth. The EBIT margin increased notably, suggesting improvements in operational efficiency.

Balance Sheet

Shoppers Stop's debt-to-equity ratio is high, reflecting substantial leverage, which could pose financial risk. The equity ratio improved slightly, indicating some strengthening of the equity position over time. Return on equity remains low, indicating room for improvement in generating profits from shareholders' equity.

Cash Flow

The company has maintained positive operating cash flow, with a strong free cash flow position. The free cash flow to net income ratio is favorable, suggesting efficient cash generation relative to net income. However, the operating cash flow to net income ratio indicates challenges in converting accounting profits to cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	47.19B	46.28B	43.17B	40.22B	25.19B	17.49B
Gross Profit	17.11B	19.00B	8.20B	8.52B	2.88B	5.67B
EBITDA	7.97B	7.08B	7.66B	7.50B	4.64B	2.68B
Net Income	178.90M	108.90M	772.50M	1.16B	-470.00M	-2.67B
Balance Sheet
Total Assets	0.00	60.95B	52.94B	46.03B	37.83B	35.16B
Cash, Cash Equivalents and Short-Term Investments	139.90M	140.20M	166.30M	793.70M	1.78B	1.70B
Total Debt	0.00	33.14B	27.85B	23.75B	21.15B	21.06B
Total Liabilities	-3.21B	57.73B	49.93B	43.97B	37.07B	33.96B
Stockholders Equity	3.21B	3.21B	3.01B	2.06B	759.30M	1.20B
Cash Flow
Free Cash Flow	0.00	3.66B	3.85B	3.97B	2.75B	-866.60M
Operating Cash Flow	0.00	5.49B	5.61B	5.43B	3.83B	-29.50M
Investing Cash Flow	0.00	-1.69B	-1.11B	-290.80M	-1.02B	-235.50M
Financing Cash Flow	0.00	-4.09B	-4.79B	-5.37B	-2.70B	1.67B

Shoppers Stop Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 406.45
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SHOPERSTOP, the sentiment is Negative. The current price of 406.45 is below the 20-day moving average (MA) of 440.68, below the 50-day MA of 489.53, and below the 200-day MA of 513.38, indicating a bearish trend. The MACD of -23.27 indicates Positive momentum. The RSI at 18.83 is Positive, neither overbought nor oversold. The STOCH value of 8.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SHOPERSTOP.

Shoppers Stop Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ARVIND	73 Outperform	₹93.57B	22.74	―	1.08%	8.84%	41.74%
VMART	64 Neutral	₹65.97B	98.07	―	―	16.45%	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SHOPERSTOP	58 Neutral	₹53.38B	290.09	―	―	8.80%	9.81%
ABFRL	48 Neutral	₹92.76B	―	―	―	-32.83%	31.19%

Shoppers Stop Limited Corporate Events

Shoppers Stop to Engage with Investors at Upcoming Leadership Conference

Shoppers Stop Limited has announced that its senior management will participate in ‘The B&K India Inc Leadership Conference’ organized by Batlivala & Karani Securities India Pvt. Ltd. on November 5, 2025. This engagement is part of the company’s ongoing efforts to maintain transparency and engage with investors and analysts, although no unpublished price-sensitive information will be disclosed during the meeting.

Shoppers Stop to Engage with ICICI Securities in Investor Meeting

Shoppers Stop Limited has announced that its senior management will meet with representatives from ICICI Securities on October 29, 2025. The meeting is part of the company’s ongoing engagement with investors and analysts, and no unpublished price-sensitive information will be shared. This initiative reflects Shoppers Stop’s commitment to transparency and maintaining strong relationships with its stakeholders.

Shoppers Stop Releases Financial Results for September 2025 Quarter

Shoppers Stop Limited announced the publication of its financial results for the quarter and half-year ending September 30, 2025. The results were approved by the company’s Board of Directors on October 17, 2025, and have been published in major newspapers. This disclosure is part of the company’s compliance with SEBI regulations, reflecting its commitment to transparency and providing stakeholders with timely financial information.

Shoppers Stop Grants Stock Options to Boost Employee Engagement

Shoppers Stop Limited has announced the grant of 78,777 Employee Stock Options (ESOPs) and 39,388 Restricted Stock Units (RSUs) under its SSL Plan 2022 to eligible employees. This move, approved by the Nomination, Remuneration and Corporate Governance Committee, is part of the company’s strategy to incentivize and retain talent, potentially enhancing employee engagement and aligning their interests with the company’s growth objectives.

Shoppers Stop Promotes Shareholder Awareness Campaign

Shoppers Stop Limited has announced a newspaper publication regarding a 100-day campaign named ‘Saksham Niveshak’ initiated by the Investor Education and Protection Fund Authority (IEPFA) under the Ministry of Corporate Affairs. The campaign aims to raise awareness among shareholders about updating their KYC details and claiming any unpaid or unclaimed dividends to prevent their transfer to the IEPFA, which could impact stakeholders by ensuring they retain their rightful dividends and shares.

Shoppers Stop to Engage with Investors at Upcoming Conference

Shoppers Stop Limited announced that its senior management will participate in the ‘Antique’s Flagship Investor Conference – Build India, New India’ organized by Antique Stock Broking Limited on August 21, 2025. The meeting aims to engage with investors and analysts, although no unpublished price-sensitive information will be shared. This engagement reflects the company’s ongoing efforts to strengthen its investor relations and maintain transparency with stakeholders.